Deputy Khalil: New budget boosts economic progress

MP Hossam Khalil confirmed that the 2026/2027 fiscal year's budget reflects significant progress in Egypt’s financial and economic performance, with growth rates exceeding 5.4% and a substantial reduction in the budget deficit—the largest in ten years—along with a decline in inflation. He pointed out that tax reforms have contributed to strengthening the economy, despite an increase in public debt burdens, which account for about 35% of total expenditures. He also emphasized the need to reevaluate economic agencies and ensure justice in investment and development across Upper Egypt provinces. He clarified that economic measures and structural reforms have boosted international institutions' and investors’ confidence, while stressing the importance of citizens feeling the positive effects in their daily lives, especially regarding their purchasing power.

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